China took a new step to dedollarization

China is seriously adjusted on sharp easing and eventually elimination of dependence on the American dollar. At the same time with dedollarization of the Chinese economy the leadership of Heavenly Empire tries to increase at the expense of US dollar popularity of yuan in the global financial market. One of steps in this direction is the solution of the financial regulator declared on last week to increase duration of trading session for the onshore yuan (CN) intended for the request for limits continental China. The purpose of the decision is obvious – increase of its popularity on international...